Projections

The DBS Group has lowered its 2011 growth forecast for the Philippines to 4.6 percent from 4.8 percent, mainly due to the downtrend in export earnings amid dampened global demand for electronics.

Country seen with resources to post faster growth The Asian Development Bank said the Philippines should aspire to post an economic growth of 7 to 8 percent a year, stressing that the country has the resources needed to achieve the goal.

The International Monetary Fund (IMF) lowered its forecast for the country’s growth to 4.7 percent this year and 4.9 percent next year along with other Asian economies warning in a report released yesterday that the region faces risks due to fallout from the eurozone debt crisis and a slowdown in the United States.

IT’S official. The Aquino administration has settled for lower growth targets for this year and 2012, notwithstanding a new fiscal stimulus package for the remainder of 2011.

MANILA – The Philippines cut its growth and trade forecasts for this year and the next on uncertainty over the global recovery, government officials told a Senate budget hearing on Wednesday.

Business process outsourcing companies expect earnings to reach $14 billion in 2012 as the industry explores new sources of revenue.

THE WORLD BANK has joined other multilateral institutions in trimming growth forecasts for the Philippines, citing a weaker-than-expected first half and renewed global turmoil.

MANILA, Philippines – US-based investment bank Citigroup downgraded anew its economic growth forecasts for the Philippines this year and next year on the back of fiscal underspending, weak external demand, supply chain disruption as well as the global fiscal storm brought about by the debt crisis in the US and Europe.

Despite the devastation caused by Typhoons Pedring and Quiel which ravaged the rice growing regions of central and northern Luzon, inflation will stay within the 3-percent to 5-percent target range this year, the Bangko Sentral ng Pilipinas (BSP) said Monday.

DEVELOPMENT Bank of Singapore (DBS) projects the Philippine economy will expand by more than third in less than a decade when the reforms introduced by the present government bear fruits.

MANILA, Philippines—Remittances sent to the Philippines by migrant Filipinos are expected to still grow this year despite mounting fiscal and economic problems confronting the United States and eurozone economies.

MANILA, Philippines – Singapore-based DBS Bank Ltd. has lowered its inflation forecasts for the Philippines this year and next as consumer prices remained benign over the past few months on the back of sluggish economic growth in advanced economies led by the US, as well as the sovereign debt concerns in Europe.

MANILA, Philippines – The Asian Development Bank (ADB) has downgraded its full-year growth outlook for the Philippines to 4.7 percent from a five percent forecast in July, the Manila-based lender said.

MANILA/HONG KONG – Asia’s emerging economies will grow robustly into 2012, led once again by China, although troubles in the United States, Europe and Japan will clip their momentum, the Asian Development Bank said in an updated economic outlook released on Wednesday.

MANILA, Philippines – The Philippine Economic Zone Authority (PEZA) has revised its yearend target to 11-11-11 following a robust performance in first eight months.

MANILA, Philippines – The economy is likely to grow anywhere from 4.3 percent to 4.8 percent this year, lower than the official growth assumption of five percent to six percent and the government’s aspirational target of seven percent to eight percent, a government think-tank said in its latest report on the economy.

PHILIPPINE sugar exports in the current crop year ending August 2012 may climb around 86% from a year ago with a forecast surplus, the industry regulator yesterday said, adding to a global oversupply.

MANILA, Philippines – Zurich-based Credit Suisse has lowered the economic growth forecast of the Philippines together with other countries in the Asia Pacific Region this year and next year as advanced economies led by the US are teetering on the brink of recession.

MANILA, Philippines – US-based investment bank Citigroup believes emerging market economies, including the Philippines, have strong foreign exchange reserve coverage to survive renewed risk aversion that could lead to sharp reversals in capital flows.

MANILA, Philippines – The Philippine economy likely grew 4.5 percent to 5.5 percent in the second quarter of the year, Socioeconomic Planning Secretary Cayetano Paderanga Jr. said yesterday.

MANILA, Philippines – Philippine exporters are maintaining their 10-percent growth target for 2011 despite the financial crisis in the United States, as they bank on the rising share of the Asian emerging markets in the country’s total exports to improve revenues.

Bank of America-Merrill Lynch has tempered its growth outlook for Southeast Asia, including the Philippines, noting that the region was “resilient but not immune” to a US slowdown or recession. In an August 19 economic commentary titled “Asean: Recession Guide,” the investment banking unit of Bank of America projected a 35-percent risk of the United…

ECONOMIC GROWTH will likely pick up in the second half as the government spends more and Philippine businesses benefit from a Japanese recovery, a planning official yesterday said. Worries over the economy should be tempered since sluggish first quarter gross domestic product (GDP) was due more to global troubles and the new administration’s adjustment phase,…

Foreign direct investments (FDI) tripled to P40.6 billion in April-June this year from P13.8 billion a year earlier and set in motion the process of creating 52,604 new jobs, according to the latest data gathered from four of the country’s major investment promotion agencies.

MANILA, Philippines – Private economists and analysts slashed their inflation forecasts for this year and next year as concerns about the fragile global economic growth have eased due to moves to ensure steady supply of oil as well as efforts to address the debt crisis in Europe, a survey conducted by the Bangko Sentral ng…

MANILA, Philippines – The much-awaited launching of the Aquino government’s public private partnership (PPP) scheme would pave the way for the strong recovery in foreign direct investment (FDI) inflows into the Philippines, an official from the Bangko Sentral ng Pilipinas (BSP) said.

HIGHER economic growth can be achieved if the business climate improves and government tax efforts are intensified, the International Monetary Fund (IMF) yesterday said. “If there is a decisive expansion in public investment and private investment, growth will go up,” IMF Asia Pacific Department Assistant Director Vivek Arora told reporters.

MANILA, Philippines – Monetary authorities believe that consumer prices could still breach the higher end of the three to five percent target set by the Bangko Sentral ng Pilipinas (BSP) and peak this quarter due to the continued build up of inflationary pressures.

REMITTANCES from Filipinos working abroad will likely rebound in the second half of the year, but annual growth may come in lower than expected given the weaker first quarter results, Hong Kong and Shanghai Banking Corp. (HSBC) said.

FINANCE Secretary Cesar Purisima said Sunday the economy would comfortably achieve 5-percent growth this year, which would be two or three percentage points off the government’s “aspirational target” of 7 to 8 percent.